Inflation rose by 3% in the year to June, new data shows, as prices for used cars dropped
The rate of price growth in the US dropped to its slowest pace in more than two years, helped by cheaper used cars.
Inflation rose by 3% in the year to June, according to new data.
Inflation has fallen sharply from a peak of more than 9% last year and June's reading marks the slowest pace since March 2021.
The US central bank has been raising interest rates to stabilise rising prices.